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The Model, Knowing Every Move of Bitcoin, Determines The Next Level!

The Model, Knowing Every Move of Bitcoin, Determines The Next Level!

According to experts, Model S2F (Stock Flow Model) gives extremely accurate results for predicting Bitcoin price movement. Konstantin Anissimov, Executive Director of CEX.IO, has a similar view. Konstantin Anissimov stated that the predictive power of the S2F model is a direct result of the supply shock that BTC experiences after each halving. 

Konstantin Anissimov: Model S2F holds Bitcoin predictions

Model S2F has become very popular in recent years. This model was created by cryptocurrency analyst PlanB. The S2F model allowed the analyst to predict how the market will behave in terms of Bitcoin ‘s price action. The S2F model uses existing stocks or reserves and divides them into annual production. Using gold, PlanB announced that gold had the highest stock model with 62 results. 

Investment Firm Managing $ 51 Billion Buys Bitcoin Instead of Gold

This means that 62 years of production are required to obtain the current gold stock. A higher SF increases the monetary value of an asset. Now, Bitcoin (BTC) has surpassed $ 20,000 for the first time in history, and even reached $ 23,777 per coin. This is the highest price we’ve seen for Bitcoin in history. According to Konstantin Anissimov, Executive Director of CEX.IO, the $ 20,000 zone could be a strong boost for BTC. 

Famous manager: Next targets are $ 25,000 and even higher

Meanwhile, according to the famous manager, the next targets seem to be $ 25,000 and even higher. Also, Konstantin Anissimov stated that BTC could take a short but effective rally before the end of the year. This is a situation that, according to Konstantin Anissimov, can result in equally sudden and sharp corrections. Moreover, considering the holidays coming in the coming days, we can see that the prices decrease, according to the famous manager. Konstantin Anissimov said the following about the future of leading cryptocurrency:

FOR THE MOMENT, BTC IS TESTING THE NEW PRICE RANGE AND SOMETIMES ENCOUNTERING SMALLER RESISTANCES FAIRLY QUICKLY. THE $ 25,000 LEVEL IS EXPECTED TO BE A REAL HURDLE FOR CRYPTO MONEY. IT WILL BE IMPORTANT FOR BTC TO BREAK THIS LEVEL. IT WILL BE INTERESTING TO SEE IF THIS LEVEL WILL ALLOW BTC TO BUILD AN EVEN HIGHER ATH BEFORE THE YEAR ENDS.

Bitcoin

According to S2F Model, Bitcoin will break $ 50,000 in the first quarter of 2021!

In terms of predictions, the S2F Model provided very accurate results in predicting Bitcoin’s future price action. The BTC scarcity is associated with the value of the network. This is expected to have serious positive consequences for Bitcoin. If the coin follows the S2F Model, Bitcoin should be traded above $ 50,000 by the end of the first quarter of 2021. At the time of writing, Bitcoin is being traded around $ 23,500. 

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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